What Types of Investments Qualify for Tax Credits?
The types of investments that qualify for tax credits can vary, but common examples include:
- Research and Development (R&D): Investments in R&D often qualify for significant tax credits as governments aim to promote innovation. - Energy Efficiency: Investments in renewable energy equipment or energy-efficient technologies can also qualify. - Equipment and Machinery: Purchasing new or upgrading existing equipment and machinery. - Job Creation: Some jurisdictions offer tax credits for businesses that create new jobs or invest in employee training.